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they can be kept at one of six u.s. detention facilities on the mainland. -- at guantanamo bay and whether they can be kept at one of the six u.s. detention facilities on the mainland. this is in it. we will see you again tomorrow morning. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> coming up today, and look back at the 1990 budget deal followed by the president of the european parliament on the eu and u.s. partnership. later, jon huntsman talks about the role of la in china. -- rule of law in china. >> washington worked his way up. at the urging of one of his brothers he immigrated out west where the lead mine industry was in may paid a. he arrived in a ship, by stagecoach. he arrived on steamboat in this muddy town. he established a lot have been in slowly worked his way up. he became a very successful lawyer and then became involved politically. he ran for congress, search for eight terms. in any profession did abraham lincoln -- served for eight terms. as they arised, they were a close colleague during the civil wa
of pennsylvania. his research includes the u.s. economy, tax policy, and the stock market. he is previously a senior economist at the board of governors at the federal reserve system. he went to that graduate school of business at columbia university. he has worked for both the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage point
from a week in brazil. the u.s. would have just grown faster than brazil in the most recent quarter, 2.4%. i raise this because you go down there and talk to business people about why it is. we could have made little more taxes here and a little more regulation there and cost of labor there and a fair amount of uncertainty about what we'll do in the future. they have taken the steam out of it. this is a fragile and requires government to facilitate rather than layer cost and uncertainty on top of it. with that uncertainty and a very aggressive regulatory agenda which has caused uncertainty around health care costs. you add that up and you have a period in which american business is operating under a huge weight. government rates the conditions where businesses and scientists can have the freedom to get the work done. that is an important thing to think about. government can create the conditions under which the cost is listed to allow businesses to innovate. >> if i could follow up. i thought this was amazing. u.s. firms spend 36% to comply with regulation than larger firms. the small
Search Results 0 to 2 of about 3